How about Lockheed, BP, Exxon Mobil, or thousands of “smaller” corporations who also paid zero taxes from ‘98 through 2005 (available figures) or since? It is NOT just GE. As to “advisors”, I think of the TV show based on an old maxim, “White Collar”– if you want to catch a thief, hire one to catch him.
s999a: It’s readily available. Try Google. No, they didn’t donate all their profits to Japanese tsunami victims; company-wide they made billions. And both Fortune magazine and Forbes (as I recall) have documented how big companies (not small ones) dodge American taxes in the past. Go read.
Spend your money on clothes, or a new car, and you are taxed.
Spend your money on second-hand goods, and you are not taxed: second-hand goods like Rembrandts, real estate (all real estate is second-hand), antique furniture, classic automobiles, or rare coins, and voila, no tax.
No tax if you spend your money on long trips to Bermuda or the Bahamas, the Riviera, or anywhere outside the United States. The ‘fair tax’ would be perfect for people who make their money in the US and live mostly elsewhere. All the benefits of US citizenship, and none of the pesky burdens.
I understand the ‘fair tax’ is only to be applied at the retail level. Perhaps you can also avoid it if you can buy wholesale.
Oh, if you have lots of the money the ‘fair tax’ is certainly ‘fair’ – ‘fair’ as in ‘beautiful’.
s9999a about 13 years ago
What poor reporting we have on this!!
Exactly WHAT loopholes did GE exploit? Maybe they donated all their profits to the Japanese tsunami victims??
Who knows?
Dtroutma about 13 years ago
How about Lockheed, BP, Exxon Mobil, or thousands of “smaller” corporations who also paid zero taxes from ‘98 through 2005 (available figures) or since? It is NOT just GE. As to “advisors”, I think of the TV show based on an old maxim, “White Collar”– if you want to catch a thief, hire one to catch him.
Motivemagus about 13 years ago
s999a: It’s readily available. Try Google. No, they didn’t donate all their profits to Japanese tsunami victims; company-wide they made billions. And both Fortune magazine and Forbes (as I recall) have documented how big companies (not small ones) dodge American taxes in the past. Go read.
Carolo1 about 13 years ago
Being unemployd does not mean you do not pay taxes. I am paying more taxes than GE or ,I am sure most of the top 1% of the Bush tax give away.
WarBush about 13 years ago
^^From Doughfoot September 15, 2010:
Ah, the Fair Tax.
Spend your money on clothes, or a new car, and you are taxed.
Spend your money on second-hand goods, and you are not taxed: second-hand goods like Rembrandts, real estate (all real estate is second-hand), antique furniture, classic automobiles, or rare coins, and voila, no tax.
No tax if you spend your money on long trips to Bermuda or the Bahamas, the Riviera, or anywhere outside the United States. The ‘fair tax’ would be perfect for people who make their money in the US and live mostly elsewhere. All the benefits of US citizenship, and none of the pesky burdens.
I understand the ‘fair tax’ is only to be applied at the retail level. Perhaps you can also avoid it if you can buy wholesale.
Oh, if you have lots of the money the ‘fair tax’ is certainly ‘fair’ – ‘fair’ as in ‘beautiful’.
WarBush about 13 years ago
^When? Every time i post this I hear no response.
WarBush about 13 years ago
^^And still don’t.